Bajaj Housing Finance IPO - Valuation, Issue Details, Financials, Key Positives, Strengths: Nirmal Bang

Nirmal Bang Report

Bajaj Housing Finance Ltd. is coming out with an IPO today of Rs 6,560 crore, which includes an offer for sale of Rs Rs 3,000 crore a fresh issue of equity shares worth Rs 3,560 crore. The company has fixed the price band in the range of Rs 66 to 70 per share.

Key positives-

Focus on the prime Home Loan segment (ATS of Rs 4.6 million) with a diversified product offering of loan against property/LRD/Developer Financing.

Key strengths-

Strong execution, risk management capability and potential operating efficiencies.

Key risks-

Sizeable exposure to LAP/Developer Financing, informal/self-employed segment, geographic/customer concentration.

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